TORONTO, Nov 27 (Reuters) - Canada's main stock index
declined on Thursday as oil prices plunged after the outcome of
an Organization of the Petroleum Exporting Countries meeting
disappointed investors, dragging down shares of energy
producers.

The OPEC meeting was the market's focus as it came after
months of depressed oil prices, which have been weighed by
concerns about increasing supply and sluggish demand for the
commodity.

The cartel did not announce the output cut investors were
hoping for, and oil prices tumbled to a four-year low.

Energy shares, which have lost nearly a third of their value
since the middle of June, slumped 6.9 percent on Thursday.

"It's another leg down. There doesn't seem to be a bottom
for oil anytime soon," said Marcus Xu, president and portfolio
manager at M.Y. Capital Management Corp in Vancouver, who said
he was holding on to his energy investments.
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